This property looks like a bad Airbnb investment with a projected -11.09% first-year return on $93,096 initial cash invested.
-11.09%
Cash On Cash
3.92%
Cap Rate
0.61
DSCR
$2,638
Rent
-$860
Cashflow
Cash Flow
$2,638 income − $3,498 expenses = $860 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,096
Downpayment
20%
$71,520
Closing costs
1%
$3,576
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,638
Total Expenses
$3,498
Mortgage P&I
73%
$1,921
Property Taxes
4%
$116
Home Insurance
5%
$126
HOA
3%
$67
Property Management
15%
$396
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$660